511 Texas Ave, Austin TX 78705

The market data from 7 similar recent sales in HARPERS points to a value of approximately $1,160,371. To sell within a reasonable timeframe at fair market value, the $889,000 to $899,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 5 comparable homes on the market comparable homes currently on the market in HARPERS. The 1928 construction puts this home 6 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in HARPERS (a buyer's market), competition is a factor to consider. In 78705, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 113 W 32nd ST, Austin TX 78705, adjusting to $1,322,902; with a pool. 7 comparable transactions in HARPERS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group